All Systems Go on Acra’s First MBS Deal August 21, 2024 Paul Muolo To this point, Acra has contributed to MBS from others and sold off its non-QM production as whole loans.Read More
Jumbo Servicing Portfolios Level in 2Q August 21, 2024 James Dohnert Chase remained the top servicer in the group, handling $326.90 billion of jumbos as of the end of June.Read More
Short Takes: Applications Slow / Fannie Revises Home Sales Forecast Downward / Home Prices Decline in California / Prime Non-Agency MBS From Chase August 21, 2024 Brandon Ivey Demand declined for both purchase mortgages and refinances last week.Read More
Sage Residential to Issue CES Securitization August 20, 2024 Brandon Ivey Sage is building out its mortgage investment business and to this point has focused on acquisitions of mortgage servicing rights.Read More
A Surge for Jumbo Lending in 2Q24 August 19, 2024 James Dohnert The top three five jumbo originators in 2Q24: Chase, Bank of America, U.S. Bank, UWM and Wells Fargo...Read More
Short Takes: Would You Like to Stay On? / Under the Radar: Sixth Street / Mortgage Names Employed There / Better Stock Price / Paying For It? August 19, 2024 Paul Muolo and Monica Hogan Among those who work at Sixth Street is Jordan Feil who serves as managing director.Read More
Annaly’s Expanded-Credit MBS Issuance Pace Slows Slightly August 15, 2024 Brandon Ivey Annaly Capital Management is set to issue its 12th expanded-credit MBS of the year.Read More
UBS Selling Mortgage Servicer SPS for Breakeven Price August 14, 2024 Brandon Ivey Select Portfolio Servicing handled servicing on mortgages with an unpaid principal balance of $166.70 billion as of the end of June, according to estimates by Inside Mortgage Finance.Read More
Short Takes: ‘Magical’ Number for Interest Rates / Some Home Price Depreciation / Fannie Selling RPLs / Loss for Fix-and-Flip Lender August 14, 2024 Brandon Ivey It's hard to pin down the "magical" number for interest rates that will unlock the housing market, according to the CEO of The Home Depot.Read More
Short Takes: New Mortgage Reinsurer / Rocket Consistent With CES Securitizations / DSCR Loans in Non-Agency MBS / Growing Through Selling Servicing August 13, 2024 Brandon Ivey Skyward Specialty Insurance Group launched a mortgage reinsurance business.Read More